#Copper (HG) putting in a good year end performance. Price up +60% from Feb'16 lows. Good fundamentals for more upside into 2018? #LME 7000 level will be a tester (approx 3.18 HG)?! Resistance 3.27 then 3.58?? Support 2.96? #Renko
#Copper (HG) on the turn? (+0.71% this morning) Or will it find resistance around the 61.8% Fibonacci at 2.8130? Hitting a lot of price noise at current levels 2.9845 (approx mid 6500's in #LME world). Good fundamentals / relative value upside play?
Has the #nikkei 225 recent spectacular bullish run come to an end, or just taking a breather before moving higher again? Momentum currently bearish as approaching psychological 22000 number. Cur trading 22028
#Brazil #Bovespa turning back to strength after recent pullback? Resistance at highs around 77000 then if can hold & break 81000's?! Feels like a lot of hard work to me! Support if reverses down around 69000 area?
#LME #Copper at $10000? May take some time getting there!? A lot of noise in between! Fundamentals are starting to fall back in place once more though. Got to crack the 7000 barrier 1st (approx 3.1/3.2 on #HG). Nice longer term pattern forming on #Renko ? Cur trading 3.075
$wti stuck in frustrating range ($41 to $55) since Apr16 and not showing signs of any directional life for the longer term. What will make it break out? Storms, geopolitics, OPEC, production cuts haven't!?
Despite unofficial Chinese negative news coming out over the last few weeks and JPM's Dimon doing a bit of bashing, there has also been a lot of positives: looks like maybe $btcusd #Bitcoin support coming in at 3750 / 3800 area & momentum starting to look / turn more positive?
FTSE 100 continues its bearish short term feel at the moment and retracing into a key pocket of price between 7300 - 7400. The fundamentals aren't great, but this could be the zone where it re-builds for a further push upward? A break below the 7300 then 7100 then 7000 comes on the radar as the next 'buffer zone'.
IAG Plc LON:IAG) Last couple of days price has tested short term support and failed ending both days in more of a bullish mode - a possible sign of a build up of pressure to move into blue sky territory? Next upside Fibonacci longer term target in the early 800's. If it fails here, then the gap around the late 580's should be watched closely. EasyJet results out...
I called the 'seasonality' correction last week as I was presenting for the Society of Technical Analysts at their annual Summer party & awards evening! A day or so after my presentation and a massive one day 25% correction! The Lean Hogs seasonality play is one of my annual favourites! The question is this year - has it got any southerly legs left after that...
Is Bitcoin building a solid base around early 1900's/ & in consolidation phase, in preparation of a new move north? Various times support / resistance played out here + key Fibonacci 61.8% line acting as an anchor? 1582, 1246 the downsides with, 2400 and highs at 3000 the next upsides?